Chibougamau Independent Mines Balance Sheet Health
Financial Health criteria checks 5/6
Chibougamau Independent Mines has a total shareholder equity of CA$561.5K and total debt of CA$45.9K, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are CA$930.9K and CA$369.4K respectively.
Key information
8.2%
Debt to equity ratio
CA$45.94k
Debt
Interest coverage ratio | n/a |
Cash | CA$879.07k |
Equity | CA$561.51k |
Total liabilities | CA$369.43k |
Total assets | CA$930.93k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLL1's short term assets (CA$930.9K) exceed its short term liabilities (CA$369.4K).
Long Term Liabilities: CLL1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CLL1 has more cash than its total debt.
Reducing Debt: CLL1's debt to equity ratio has increased from 0.3% to 8.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CLL1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CLL1 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.5% per year.